IM
Illinois Municipal Retirement Fund 13F Portfolio Snapshot & Holdings (Q2 2026)
Illinois Municipal Retirement FundCIK: 0001541910
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$8.9B
Reporting period: 2026-06-30 · Number of holdings: 1120
Illinois Municipal Retirement Fund disclosed 1120 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $8.9B and a quarterly turnover rate of 31.0%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "I"
Personality snowflake
- Concentration
- 2.73
- Portfolio Stability
- 31.04
- Momentum
- 100
- Sector conviction
- 42.91
- Diversification
- 100
- Sizing Uniformity
- 74.21
Illinois Municipal Retirement Fund's disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 147 equally-sized positions, well below its 1120 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.58), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
+17.1% $41.5M
Trim PM
-58.6% -$24.0M
Add AMAT
-7.9% $31.9M
Trim CME
-72.1% -$22.3M
Trim T
-12.8% -$17.0M
Add LRCX
-7.3% $25.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1120 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 3.93% | +0.07% | +0.18% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.68% | -0.05% | -2.38% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 2.38% | -0.34% | -2.06% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.03% | -0.14% | -14.92% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.00% | +0.10% | +3.78% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.48% | +0.13% | +0.57% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 1.31% | +0.12% | +2.07% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.23% | -0.09% | +6.48% | |
| 9 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.87% | -0.11% | -3.28% | |
| 10 | XOM | Exxon Mobil CORP | Stock-Energy | 0.86% | -0.11% | +23.77% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.85% | -0.03% | -2.11% | |
| 12 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.76% | +0.11% | +0.15% | |
| 13 | AMAT | Applied Materials Inc | Stock-Tech | 0.74% | +0.31% | -7.86% | |
| 14 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.73% | +0.03% | +4.05% | |
| 15 | WMT | Walmart Inc | Stock-Consumer Staples | 0.71% | -0.20% | -3.14% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.69% | -0.06% | +0.15% | |
| 17 | MU | Micron Technology Inc | Stock-Tech | 0.62% | +0.44% | +17.08% | |
| 18 | LRCX | Lam Research CORP | Stock-Tech | 0.61% | +0.24% | -7.28% | |
| 19 | V | Visa Inc-class A Shares | Stock-Financials | 0.58% | -0.05% | -7.73% | |
| 20 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.57% | +0.05% | +29.35% | |
| 21 | MO | Altria Group Inc | Stock-Consumer Staples | 0.55% | -0.01% | +2.57% | |
| 22 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.55% | -0.20% | -22.04% | |
| 23 | CSCO | Cisco Systems Inc | Stock-Tech | 0.54% | +0.11% | -5.52% | |
| 24 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.51% | -0.19% | -12.10% | |
| 25 | ABBV | Abbvie Inc | Stock-Healthcare | 0.51% | +0.02% | +2.21% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 0.49% | -0.16% | +5.94% | |
| 27 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.49% | +0.01% | +19.42% | |
| 28 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.46% | -0.08% | -21.48% | |
| 29 | TER | Teradyne Inc | Stock-Tech | 0.45% | +0.08% | -17.24% | |
| 30 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.44% | -0.13% | -4.29% | |
| 31 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.43% | -0.16% | -2.23% | |
| 32 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.42% | +0.10% | +28.46% | |
| 33 | MA | Mastercard Inc - A | Stock-Financials | 0.41% | -0.09% | -10.93% | |
| 34 | MNST | Monster Beverage CORP | Stock-Consumer Staples | 0.40% | +0.06% | -0.37% | |
| 35 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.39% | +0.05% | +48.44% | |
| 36 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.39% | -0.08% | -7.77% | |
| 37 | KLAC | Kla CORP | Stock-Tech | 0.39% | +0.19% | +972.10% | |
| 38 | BAC | Bank Of America CORP | Stock-Financials | 0.38% | +0.12% | +44.80% | |
| 39 | AMD | Advanced Micro Devices | Stock-Tech | 0.38% | +0.20% | -17.30% | |
| 40 | QCOM | Qualcomm Inc | Stock-Tech | 0.37% | -0.01% | -24.50% | |
| 41 | EA | Electronic Arts Inc | Stock-Comm Services | 0.37% | -0.04% | +0.22% | |
| 42 | CIEN | Ciena CORP | Stock-Tech | 0.36% | +0.12% | +33.02% | |
| 43 | C | Citigroup Inc | Stock-Financials | 0.36% | +0.13% | +39.09% | |
| 44 | CAT | Caterpillar Inc | Stock-Industrials | 0.35% | +0.11% | +8.87% | |
| 45 | ROST | Ross Stores Inc | Stock-Consumer Disc | 0.35% | -0.09% | -8.78% | |
| 46 | EBAY | Ebay Inc | Stock-Consumer Disc | 0.34% | — | -8.98% | |
| 47 | ALL | Allstate CORP | Stock-Financials | 0.34% | -0.11% | -25.72% | |
| 48 | TGT | Target CORP | Stock-Consumer Disc | 0.34% | +0.08% | +37.96% | |
| 49 | EOG | Eog Resources Inc | Stock-Energy | 0.33% | +0.02% | +34.03% | |
| 50 | INCY | Incyte CORP | Stock-Healthcare | 0.33% | +0.02% | +2.10% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+18.8%
- Stdev
- +12%
- Beta
- +0.87
- Alpha
- -0.5%
- Max Drawdown
- -8.8%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.73
- Stutzer
- +0.41
- Treynor
- +0.19
- Sterling
- +1.09
- Calmar
- +1.99
- Information Ratio
- -0.69
- Tracking Error
- +4.4%
- Stdev Down
- +6.2%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +31.1%
- Worst 12 Months
- +4.4%
- Efficiency Ratio
- +0.57
- Sharpe
- +1.41
- Stdev Sectors
- +6.9%
- Skewness
- -0.11
- Kurtosis
- -0.33
- Upside Potential
- +4.32
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 1120 | $8.9B | 31 | ||
| 2026 Q1 | 1127 | $7.9B | 19 | ||
| 2025 Q4 | 1151 | $8.0B | 19 | ||
| 2025 Q3 | 1178 | $7.8B | 40 | ||
| 2025 Q2 | 1237 | $7.3B | 0 | ||
| 2025 Q1 | 1337 | $6.9B | 100 | ||
| 2024 Q4 | 1332 | $7.1B | 0 | ||
| 2024 Q3 | 1330 | $7.0B | 0 | ||
| 2024 Q2 | 1334 | $6.6B | 0 | ||
| 2024 Q1 | 1352 | $6.5B | 0 | ||
| 2023 Q4 | 1370 | $6.0B | 0 | ||
| 2023 Q3 | 1366 | $5.4B | 0 | ||
| 2023 Q2 | 822 | $5.0B | 0 | ||
| 2023 Q1 | 820 | $4.7B | 0 | ||
| 2022 Q4 | 809 | $4.5B | 0 | ||
| 2022 Q3 | 802 | $4.1B | 0 | ||
| 2022 Q2 | 798 | $4.3B | 0 | ||
| 2022 Q1 | 797 | $3.4B | 0 | ||
| 2021 Q4 | 812 | $3.6B | 0 | ||
| 2021 Q3 | 833 | $2.7B | 0 | ||
| 2021 Q2 | 844 | $2.5B | 100 | ||
| 2021 Q1 | 845 | $2.3B | 20 | ||
| 2020 Q4 | 833 | $2.1B | 99 | ||
| 2020 Q3 | 862 | $753.3M | 100 | ||
| 2020 Q2 | 225 | $240.0M | 86 | ||
| 2020 Q1 | 191 | $201.2M | 61 | ||
| 2019 Q4 | 252 | $262.6M | — |
Holding changes this quarter
Illinois Municipal Retirement Fund's most significant position changes for 2026-06-30: New buy: Carnival CORP LTD F; New buy: Old Dominion Freight Line (ODFL); Sold out: Carnival CORP LTD (CCL1EUR); New buy: Mongodb Inc (MDB); Sold out: Coterra Energy Inc (CTRA).
Showing top 200 changes by size (of 1212 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +0.4% | +17.08% | Add |
| 2 | AMAT | Applied Materials Inc | +0.3% | -7.86% | Trim |
| 3 | LRCX | Lam Research CORP | +0.2% | -7.28% | Trim |
| 4 | AMD | Advanced Micro Devices | +0.2% | -17.30% | Trim |
| 5 | KLAC | Kla CORP | +0.2% | +972.10% | Add |
| 6 | TTWO | Take-two Interactive Softwre | +0.2% | +398.80% | Add |
| 7 | FFIV | F5 Inc | +0.2% | +87.98% | Add |
| 8 | ✓ | Carnival CORP LTD F | +0.2% | NEW | New buy |
| 9 | SNDK | Sandisk CORP | +0.2% | +10.66% | Add |
| 10 | AMGN | Amgen Inc | +0.2% | +284.22% | Add |
| 11 | VLO | Valero Energy CORP | +0.2% | +127.50% | Add |
| 12 | HUM | Humana Inc | +0.2% | +15.72% | Add |
| 13 | ODFL | Old Dominion Freight Line | +0.2% | NEW | New buy |
| 14 | FLEX | Flex Ltd. | +0.2% | +79.17% | Add |
| 15 | USB | US Bancorp | +0.2% | +228.54% | Add |
| 16 | TXN | Texas Instruments Inc | +0.1% | +76.63% | Add |
| 17 | JBL | Jabil Inc | +0.1% | +244.64% | Add |
| 18 | ALAB | Astera Labs Inc | +0.1% | +405.24% | Add |
| 19 | MDB | Mongodb Inc | +0.1% | NEW | New buy |
| 20 | NTRA | Natera Inc | +0.1% | +234.20% | Add |
| 21 | GOOG | Alphabet Inc-cl C | +0.1% | +0.57% | Add |
| 22 | C | Citigroup Inc | +0.1% | +39.09% | Add |
| 23 | P | Everpure Inc-a | +0.1% | +239.49% | Add |
| 24 | DVN | Devon Energy CORP | +0.1% | +171.15% | Add |
| 25 | CFG | Citizens Financial Group | +0.1% | NEW | New buy |
| 26 | AVGO | Broadcom Inc | +0.1% | +2.07% | Add |
| 27 | BAC | Bank Of America CORP | +0.1% | +44.80% | Add |
| 28 | TPR | Tapestry Inc | +0.1% | +75.85% | Add |
| 29 | CIEN | Ciena CORP | +0.1% | +33.02% | Add |
| 30 | CASY | Casey's General Stores Inc | +0.1% | +68.98% | Add |
| 31 | STX | Seagate Technology Holdings plc | +0.1% | +8.02% | Add |
| 32 | CRDO | Credo Technology Group Holding Ltd | +0.1% | +266.77% | Add |
| 33 | LLY | Eli Lilly & Co | +0.1% | +0.15% | Add |
| 34 | CSCO | Cisco Systems Inc | +0.1% | -5.52% | Trim |
| 35 | CAT | Caterpillar Inc | +0.1% | +8.87% | Add |
| 36 | GM | General Motors Co | +0.1% | +255.07% | Add |
| 37 | PNC | Pnc Financial Services Group | +0.1% | +249.18% | Add |
| 38 | NLY | Annaly Capital Management In | +0.1% | +205.78% | Add |
| 39 | RPRX | Royalty Pharma plc | +0.1% | +481.19% | Add |
| 40 | AMZN | Amazon.com Inc | +0.1% | +3.78% | Add |
| 41 | TRV | Travelers Cos Inc/the | +0.1% | +28.46% | Add |
| 42 | ABNB | Airbnb Inc-class A | +0.1% | +86.18% | Add |
| 43 | CSX | Csx CORP | +0.1% | NEW | New buy |
| 44 | ✓ | +0.1% | NEW | New buy | |
| 45 | EQR | Equity Residential | +0.1% | +270.21% | Add |
| 46 | ADBE | Adobe Inc | +0.1% | +91.02% | Add |
| 47 | INVH | Invitation Homes Inc | +0.1% | NEW | New buy |
| 48 | CW | Curtiss-wright CORP | +0.1% | +173.01% | Add |
| 49 | VSAT | Viasat Inc | +0.1% | +85.22% | Add |
| 50 | NI | Nisource Inc | +0.1% | +1030.46% | Add |
1–50 of 200
Filing History
FAQ
What is Illinois Municipal Retirement Fund and what type of investor is it?
Illinois Municipal Retirement Fund is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $8.9B, spread across 1120 disclosed positions.
What are Illinois Municipal Retirement Fund's largest equity positions?
Based on the latest 13F filing, Illinois Municipal Retirement Fund's top holdings by market value are:
1. Nvidia CORP (NVDA) — $348.3M (3.9%)
2. Apple Inc (AAPL) — $326.2M (3.7%)
3. Microsoft CORP (MSFT) — $211.2M (2.4%)
4. Alphabet Inc-cl A (GOOGL) — $180.3M (2.0%)
5. Amazon.com Inc (AMZN) — $177.0M (2.0%)
What changes did Illinois Municipal Retirement Fund make in its most recent portfolio filing?
In the latest reported quarter, Illinois Municipal Retirement Fund made 200 notable position adjustments: 25 new positions were initiated, 97 existing holdings were added to, 65 positions were partially reduced, and 13 were completely exited. The largest of these moves: New buy: Carnival CORP LTD F; New buy: Old Dominion Freight Line (ODFL); Sold out: Carnival CORP LTD (CCL1EUR); New buy: Mongodb Inc (MDB); Sold out: Coterra Energy Inc (CTRA)
What sectors does Illinois Municipal Retirement Fund focus on?
Illinois Municipal Retirement Fund is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.6%
• Financials: 12.3%
• Consumer Discretionary: 12.1%
• Health Care: 11.1%
• Industrials: 8.8%
• Communication Services: 8.7%
Investment Profile
Illinois Municipal Retirement Fund returned an annualized 17.5% over the trailing 36 months — underperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 31 over the past 4 quarters — a shift toward more active trading.
It has added to its NVDA position over the past two quarters (+$59.3M, now $348.3M), while trimming MSFT over the same stretch (-$46.4M, still holding $211.2M).
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Developer Access
Access Illinois Municipal Retirement Fund's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/illinois-municipal-retirement-fundCLI
npx alphasmo institutions get illinois-municipal-retirement-fund